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Petrobras makes new oil discovery off Brazil Amapa

Brazilian state-run oil company Petrobras announced a new oil discovery in ultra-deep waters off Amapa state. The find in the equatorial margin highlights a promising new frontier for the firm.

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A logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes

PETROBRAS - PETROLEO BRAS found a new oil-bearing interval in ultra-deep waters off the coast of Brazil. The discovery expands the company's frontier in the equatorial margin.
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